Successful Recovery of our Clients Overdue Account
Client – Platform Hire Specialist vs Debtor – Plant and Machinery Hirers
Principal Sum – £24,000
Interest, Compensation & Reasonable Costs – £3,011.23
Age of Invoice – 152 days old
Time to Recover: 48 hours
We were instructed by a platform hire specialist to recover a commercial debt against a plant and machinery hire company for a principal sum of £24,000. Under “The Late Payment of Commercial Debts (Interest) Act 1998” our client was also entitled to claim interest, compensation and reasonable costs to the sum of £3,011.23.
We successfully recovered the full principal sum and additional costs totalling £27,011.23, within 2 days of instruction. This was a particularly fast turnaround given the age of the debt being 152 days old.
If you have any overdue or problematic accounts you would like to discuss, contact us today to see how we could assist you in recovering these debts. Call 01698 821468 or email [email protected]